Student Financial Aid

WITH THE MANY RESOURCES AVAILABLE TO STUDENTS TODAY, WE WORK HARD TO MAKE A COLLEGE EDUCATION AFFORDABLE FOR ALMOST EVERYONE.

Our financial aid representatives will explain all your options.

The Financial Aid Office at Florida Career College is dedicated to helping students find ways to finance their education. This office is staffed by the Director of Financial Aid and Financial Aid Advisors and Planners. The financial aid staff is available to all enrolled students. They may be reached by calling the campus to schedule an appointment or they are available to enrolled students on a walk-in basis.

APPLYING FOR FINANCIAL AID

The Financial Aid Office will notify the student if further documentation is needed. To receive a financial aid award, the student must be admitted and enrolled in Florida Career College. The financial Aid Office will not award financial aid to any student who has not formally enrolled in the school. Financial aid is available for those who qualify. Students wishing to apply for financial aid must submit the following forms:

Free Application for Federal Student Aid (FAFSA)

A list of schools (beyond high school) previously attended

Completed loan applications or bring their Federal PIN number (if the student is applying for any of the federal loan programs available at Florida Career College)

Personal references with a valid address and phone number if applying for a loan

The Financial Aid Office will notify the student if further documentation is needed. To receive a financial aid award, the student must be admitted and enrolled in Florida Career College. The Financial Aid Office will not award financial aid to any student who has not formally enrolled in the school.

GENERAL ELIGIBILITY REQUIREMENTS

Students wishing to receive Federal Student Aid must meet the following requirements:

Enroll in an academic program leading to a degree or diploma

Certification of high school diploma or equivalent

Not be in default on a student loan or owe a refund on a federal grant received at a prior institution

Maintain satisfactory academic progress, as outlined in the school’s catalog

Be a United States citizen or eligible non-citizen

DETERMINATION OF NEED

The eligibility to receive all types of federal student aid is determined through a standardized formula based upon information the student provides on the Free Application for Federal Student Aid (FAFSA). The amount of federal financial aid the student will be offered depends upon the student’s financial need.

FEDERAL LOAN REPAYMENT OPTIONS

Although you may select or be assigned a repayment plan when you first begin repaying your student loan, you can change repayment plans at any time. Contact your loan servicer if you would like to discuss repayment plan options or change your repayment plan. You can get information about all of the federal student loans you have received and find the loan servicer for your loans using the National Student Loan Data System (NSLDS®). You have a choice of several repayment plans that are designed to meet your needs. The amount you pay and the length of time to repay your loans will vary depending on the repayment plan you choose. Here are the different repayment plans available to you:

FEDERAL PELL GRANT

The Federal Pell Grant Program is intended to give eligible students financial access to the college of their choice. Federal Pell Grants do not have to be repaid and the Pell Grant eligibility determination is the foundation upon which all other federal student financial aid is built. Federal Pell Grants are awarded only to undergraduate students who have not earned a bachelor’s or professional degree (a professional degree would include a degree in a field such as pharmacy or dentistry). Students are notified of their Federal Pell Grant eligibility through an Institutional Student Information Record (ISIR). This report is electronically transmitted directly to the College and student by the federal processor. The U.S. Department of Education employs a uniform formula to evaluate the information contained on the student aid application and to determine the index of need based on Expected Family Contributions (EFC). In order to receive an award, the ISIR must be reviewed and eligibility confirmed by the Financial Aid Office.

FEDERAL SEOG

A Federal Supplemental Educational Opportunity Grant (FSEOG) is for undergraduates with exceptional financial needs, which means students with the lowest Expected Family Contributions (EFC). This program gives priority to students who receive Federal Pell Grants with the lowest EFC. An FSEOG award does not have to be repaid.

FEDERAL SUBSIDIZED and UNSUBSIDIZED STUDENT LOANS

Subsidized Direct Stafford Loans are awarded to students who demonstrate financial need. These are low interest loans that are insured by the federal government. Because the U.S. Department of Education subsidizes the interest, borrowers are not charged interest while they are enrolled in College at least halftime and during grace and deferment periods. Loan repayment begins six months after the Student ceases to attend the College on at least a half-time basis. Eligibility is based on financial need as determined by the U.S. Department of Education.

Unsubsidized Direct Stafford Loans are awarded to students regardless of financial need. Borrowers are responsible for paying the interest that accrues during any period. Like the Subsidized Stafford Loans, repayment begins six months after the student ceases to attend the College on at least a half-time basis.

FEDERAL STUDENT PLUS LOANS

Direct PLUS Loans allow parents to borrow on behalf of their dependent undergraduate children. As with Unsubsidized Loans, borrowers are responsible for the interest that accrues on PLUS Loans during any period. Repayment begins 60 days after the FINAL loan disbursement.”Replace with: Direct PLUS Loans allow parents to borrow on behalf of their dependent undergraduate children. As with Unsubsidized Loans, borrowers are responsible for the interest that accrues on PLUS Loans during any period. Repayment begins 60 days after the FINAL loan disbursement.

ALTERNATIVE LOANS

Private loans (not sponsored by a government agency) are offered by banks or other financial institutions to parents and students. Private loans can help bridge the financial gap for College expenses, generally at lower interest rates than credit cards. Eligibility for a private loan is determined by the lending institutions. The interest rate on a private loan is usually 1 to 10 percent above the prime interest rate. Interest begins accruing when the loan is disbursed.

FEDERAL WORK-STUDY PROGRAM (FWS)

Federal Work-Study is available at most campuses. The Federal Work-Study Program provides jobs for undergraduate and graduate students attending at least half-time with financial need by allowing them to work and earn money to help pay education expenses. The program encourages community service work and work that is related to the student’s course of study. Employment is part-time only and a limited number of FWS jobs are available. An application can be made through the school’s Financial Aid Department. Eligibility is based on financial need and the availability of funds.

VETERANS ADMINISTRATION BENEFITS

Most locations and programs offered by the College are approved for one or more of the Veterans Administration educational assistance benefits programs. Veterans, dependents of veterans, and war orphans may be eligible for VA benefits. For further information and assistance in establishing eligibility for educational benefits, please contact your local VA office, go to the VA search website http://inquiry.vba.va.gov/weamspub/buildSearchInstitutionCriteria.do or speak with the Financial Aid Department on campus. Veterans receiving Veterans Administration Benefits are required to follow established VA and Institution guidelines regarding Transfer of Credit and Satisfactory Academic Progress.

VA CHAPTER 33 YELLOW RIBBON SCHOLARSHIP

VA Chapter 33 Yellow Ribbon Scholarship is available at most campus locations. The VA Yellow Ribbon eligibility and award amounts vary by location. Yellow Ribbon is available students who qualify at the 100% funding level in the Chapter 33 VA benefit program. Each scholarship award is determined based on the portion of the award year tuition and fees that were not covered by the student’s Chapter 33 eligibility amount. In addition to the institutions contribution, the VA will match the college’s contribution up to a 100% of the schools designated award amount per academic year. Please contact the campus Registrar’s Office or Financial Aid Office for program details. Please visit the following website for a list of locations that participate in the VA Yellow Ribbon program. http://www.gibill.va.gov/gi_bill_info/ch33/yrp/yrp_list_2012.htm

STATE SCHOLARSHIP, PREPAID AND GRANT PROGRAMS

State Grant availability and eligibility requirements vary by State and campus location, please contact the campus Financial Aid Office to determine if State Grants are available at the campus you are interested in attending.

FLORIDA PREPAID PROGRAM

Florida Career College is an approved institution of the Florida Prepaid Program. While the benefits of a Florida Prepaid College contract may be utilized at this institution, the Florida Prepaid College Board does not endorse any particular college or university. FOR ADDITIONAL FINANCIAL AID DETAILS, PLEASE SEE THE SCHOOL’S CATALOG ON THIS WEBSITE AND/OR VISIT YOUR FINANCIAL AID REPRESENTATIVE ON CAMPUS.

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